AllianceBlock’s NXRA token is surging, potentially driven by its move to Arbitrum and increasing demand for RWA tokenization. 

AllianceBlock’s NXRA token has seen a remarkable surge in value over the past few weeks. The token is up by over 34% in a week and 71% in a month.

This significant uptick in NXRA’s price is likely attributed to the token’s recent transition to the Arbitrum network. The layer-2 solution is renowned for its high-speed and low-cost transactions aimed at enhancing the Ethereum (ETH) network.

This strategic move by AllianceBlock has been well-received by investors, reflecting positively on the NXRA token’s market performance.

The rising demand for tokenization technology, particularly in Real World Assets (RWA) tokenization, has also likely played a significant role in the NXRA’s growth. Tokenization, the process of converting rights to an asset into a digital token on a blockchain, is becoming increasingly popular, especially in the financial sector.

Major global entities like JPMorgan and Swift Network are exploring and implementing tokenized transactions, highlighting the growing relevance of this technology in mainstream finance. The tokenization market is poised to exceed $10 trillion by 2030, and the value of on-chain RWA has

Go to Source to See Full Article
Author: Mohammad Shahidullah

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details